The AMPS team were outstanding. As were the only senators who were present in the chamber (apart from the chair of the committee - Senator Allman Payne). These four heroes were: Senator Gerard Rennick, Senator Malcolm Roberts, Senator Matt Canavan and Senator Ralph Babet (who got Australians the Inquiry in the first place). We would be lost without brave people like these and Chris, Jeyanthi and yourself, Andrew. Thank you all!
Don't want to find out too much and spend the valuable time of the Public Service administrators. And the majority of Senators did not want to risk their valuable time so they did not come.
re. bureaucrats: they are ignorant, mostly willfully so. they have not read as widely as we have, they just do as they are told, because that has worked all their careers. being topical, it is like when wikileaks leaked a lot of info, don't know which now, but the US told all public servants and military that they were not permitted to view any wikileaks info. So diplomatic professionals and 'expert' people who should be fully across reality and facts and current affairs to make decisions, are told to remain ignorant. thus any decisions they then make will be ill-informed.
Can anyone make the connection to the Death Shots?
A Most Dangerous Assumption: Mining the Future to Spend More Today
What the cheerleaders are actually claiming is the process of adding zeroes to "money" is limitless, but there are limits on the utility of devaluing currency, too.
CHARLES HUGH SMITH
JUN 19, 2024
How prosperous would the world be if we hadn't collectively borrowed and spent $315 trillion----333% of global GDP? We all know the answer--not very prosperous at all, for production, consumption and profits would all be mere fractions of their current totals if we could not borrow money and could only spend cash on hand. Global Debt Hit $315 Trillion In Q1 2024.
All this money that's been spent/invested has effectively been mined / extracted from future resources, labor and capital. The basic idea is that the interest that must be paid on this debt will be paid out of earnings generated by the productive use of resources, labor and capital in the future. Once the debt matures and the principle must be returned to the lender / bond purchaser, this principle must also be mined / extracted from assets available in the future.
Mining / extraction is the appropriate analogy because nothing is unlimited in the real world. Imagination--yes, it's unlimited. Denial and delusion: yes, both are limitless. But tangible resources that can be recovered at costs the economy can bear, productive labor and capital are not limitless. If we mine the future too intensively, there won't be enough left in the future to spend/invest at the level we enjoy today.
The fundamental assumption behind mining the future is that the pool of resources, labor and capital will continue expanding forever, effortlessly funding the interest and principle due on today's borrowing and leaving more than enough to consume and invest in the future.
But what happens when the resources, labor and capital available to mine in the future shrink?
The AMPS team were outstanding. As were the only senators who were present in the chamber (apart from the chair of the committee - Senator Allman Payne). These four heroes were: Senator Gerard Rennick, Senator Malcolm Roberts, Senator Matt Canavan and Senator Ralph Babet (who got Australians the Inquiry in the first place). We would be lost without brave people like these and Chris, Jeyanthi and yourself, Andrew. Thank you all!
Thanks Clare. It was good to have your there in support of the effort.
well done Dr Madry, to you and everyone who appeared
precise and ground shaking testimony
.. it was the vaxxes
Your CHD submission is a valuable contribution, in particular looking at the causality criteria
Wishing you a speedy and uneventful recovery.
Thank you, a great presentation. I’ve sent your post here to Steve Kirsch today, on his new post on NZ’s mortality data: https://open.substack.com/pub/stevekirsch/p/new-zealand-data-leaked-by-barry?r=20pd6j&utm_medium=ios
Kara's story was truly heart rending and should be absorbed with the knowledge that the dead do not get to tell their stories.
Five and one quarter hours and its all done.
Don't want to find out too much and spend the valuable time of the Public Service administrators. And the majority of Senators did not want to risk their valuable time so they did not come.
re. bureaucrats: they are ignorant, mostly willfully so. they have not read as widely as we have, they just do as they are told, because that has worked all their careers. being topical, it is like when wikileaks leaked a lot of info, don't know which now, but the US told all public servants and military that they were not permitted to view any wikileaks info. So diplomatic professionals and 'expert' people who should be fully across reality and facts and current affairs to make decisions, are told to remain ignorant. thus any decisions they then make will be ill-informed.
Is the AMPS submission available for download from the Senate website?
Unfortunately it hasn’t been uploaded yet.
Can anyone make the connection to the Death Shots?
A Most Dangerous Assumption: Mining the Future to Spend More Today
What the cheerleaders are actually claiming is the process of adding zeroes to "money" is limitless, but there are limits on the utility of devaluing currency, too.
CHARLES HUGH SMITH
JUN 19, 2024
How prosperous would the world be if we hadn't collectively borrowed and spent $315 trillion----333% of global GDP? We all know the answer--not very prosperous at all, for production, consumption and profits would all be mere fractions of their current totals if we could not borrow money and could only spend cash on hand. Global Debt Hit $315 Trillion In Q1 2024.
All this money that's been spent/invested has effectively been mined / extracted from future resources, labor and capital. The basic idea is that the interest that must be paid on this debt will be paid out of earnings generated by the productive use of resources, labor and capital in the future. Once the debt matures and the principle must be returned to the lender / bond purchaser, this principle must also be mined / extracted from assets available in the future.
Mining / extraction is the appropriate analogy because nothing is unlimited in the real world. Imagination--yes, it's unlimited. Denial and delusion: yes, both are limitless. But tangible resources that can be recovered at costs the economy can bear, productive labor and capital are not limitless. If we mine the future too intensively, there won't be enough left in the future to spend/invest at the level we enjoy today.
The fundamental assumption behind mining the future is that the pool of resources, labor and capital will continue expanding forever, effortlessly funding the interest and principle due on today's borrowing and leaving more than enough to consume and invest in the future.
But what happens when the resources, labor and capital available to mine in the future shrink?
https://charleshughsmith.substack.com/p/a-most-dangerous-assumption-mining